Who Optimizes SG&A Costs Better? Fiserv, Inc. or SS&C Technologies Holdings, Inc.

Optimizing SG&A Costs: A Tale of Two Companies

In the competitive landscape of financial technology, managing Selling, General, and Administrative (SG&A) expenses is crucial for profitability. Over the past decade, Fiserv, Inc. and SS&C Technologies Holdings, Inc. have demonstrated contrasting strategies in this area. From 2014 to 2023, Fiserv's SG&A expenses surged by over 570%, peaking at approximately $6.6 billion in 2023. This reflects a strategic expansion, possibly investing in growth and innovation. In contrast, SS&C Technologies maintained a more conservative approach, with a 860% increase, reaching nearly $960 million in the same period. This suggests a focus on efficiency and cost control. The data highlights Fiserv's aggressive growth strategy compared to SS&C's steady, controlled expansion. As the fintech industry evolves, these strategies will play a pivotal role in shaping their market positions.